USDCAD Technical Analysis – The rangebound price action continues ...Middle East

Fundamental OverviewThe USD yesterday came under renewed pressure following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient economy with lower inflationary pressures. The data continues to reinforce the narrative that the next move is more likely to be a rate cut, and that inflation is likely to keep coming back to target. This could keep weighing on the greenback as the positive risk sentiment due to the pickup in global growth is generally a headwind. The CAD, on the other hand, came a bit under pressure yesterday as the Bank of Canada delivered a slightly more dovish cut than expected as they signalled that

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCAD Technical Analysis – The rangebound price action continues )

Also on site :

• Your Starbucks Will Soon Look a Lot Different
• Armenia, Azerbaijan leaders meet for peace talks in UAE
• Why is India forcing 80 million people to justify their right to vote?